Settlement Procedure
| No. | Phase | Performed By | Duration | Description |
|---|---|---|---|---|
| 1 | Generating historical transaction bills | Huawei Cloud | 1 business day | On the seventh day of each month (If there is a holiday, the bill will be postponed to the next business day following the holiday.) |
| 2 | Reviewing and sending bills to the sellers | Huawei Cloud | 5 business days | The notification for bill review is sent to the email address bound to the Huawei Cloud account of the sellers. |
| 3 | Initiating payment | Huawei Cloud | 6 business days | / |
| 4 | Requesting invoice issuance | Huawei Cloud | 1 business day | The system sends an email notification to the sellers. |
| 5 | Issuing invoices and mailing them to Huawei Cloud | Sellers | / | The sellers issue the invoices with the corresponding tax rate according to the local tax law and send the invoices to the specified address. |
| 6 | Making payment | Huawei Cloud | 7 business days | Huawei Cloud receives and verifies invoices. If the invoices are correct, Huawei Cloud completes internal accounting and settles with the sellers immediately. |
On the seventh day of each month, bills of the previous calendar month are generated. If a transaction involves service supervision and the service flow of the transaction is completed, the bill for the transaction will be automatically generated in the next billing cycle.
